In addition, it offers Yandex.Taxi, a ride-sharing service; Auto.ru for used and new cars, commercial vehicles, and spare parts; Yandex.Realty, a real estate classifieds platform; Yandex.Jobs, a job search Website; and Yandex.Travel, a travel aggregator service. Further, it offers KinoPoisk, a Russian language Website for movies, TV series, celebrity content, and entertainment news; Yandex.Music, a music streaming service; Yandex.Afisha to buy tickets to cinemas, theaters, and concerts online; and Yandex.TV Program that provides up to date schedule of broadcast, cable and digital TV channels, as well as an option to view certain TV channels online. Additionally, it offers Yandex Zen, a personal recommendation service; Yandex.Cloud that allows companies to host and develop apps and services, and store and manage data; and Yandex.Drive, a free-floating car-sharing service.

The Company’s Classifieds business unit includes Auto.ru, Yandex.Realty, Yandex.Jobs and Yandex.Travel. This morning, The Moscow Times reported that Kremlin officials are backing a draft law now working its way through the Duma (Russia’s lower house of representatives) that would limit foreign ownership of Russian technology companies to 20%. Yevgeny Mironyuk, market analyst at Freedom Finance, said the share price fall could also be linked to a possible leak of customer data from Yandex.Money, the company’s electronic payments arm. Yandex, a poster-child for the Russian tech industry, is heavily exposed to foreign ownership restrictions since the majority of its shares are traded on Nasdaq.

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Its core portfolio companies were founded by entrepreneurs from Central or Eastern Europe and focus on global and US markets. Almaz Capital is headquartered in Portola Valley, California, has an office in Berlin and representative offices in CEE countries. Almaz Capital’s managing partner is Alexander Galitsky.

The company’s shares recovered about $1bn this week after Russia’s government suggested easing the requirement to 50 per cent minus one share of voting rights — criteria Yandex already meets. Russian search giant http://www.omegaforms.com/features/form-settings-notifications/attachment/notificationssetup/ Yandex bucked investor concerns over a Kremlin-backed plan to reduce foreign shareholders’ stake in the company and grew revenue 38 per cent year-on-year in the third quarter of 2019 to Rbs45bn ($704m).

Yandex shares fell by 17% in the first minutes of trading on the Nasdaq exchange in New York on Friday, wiping more than $1 billion from the company’s value. Shares were trading below $30 Friday afternoon, after closing Thursday’s session north of $35. Russian internet giant Yandex is launching a video streaming service aimed at rivalling Google’s YouTube that will allow users to publish videos on its personal recommendation platform Yandex Zen, the company said on Friday.

The plunge came after media reports suggested Kremlin officials are welcoming a draft law to limit foreign ownership of Russian tech companies to 20%. The proposals were introduced in June by Anton Gorelkin, a Duma member from the Kremlin-loyal United http://jfvc5197.ufsleague.com/walton-kurs/ Russia party and based on a similar rule which restricts foreign ownership of media companies. Shares in Russian tech giant Yandex have plummeted after reports the Kremlin is backing plans to limit the stakes of foreign owners in Russian IT companies.

In addition, it offers Yandex.Taxi, a ride-sharing service; Auto.ru for used and new cars, commercial vehicles, and spare parts; Yandex.Realty, a real estate classifieds platform; Yandex.Jobs, a job search Website; and Yandex.Travel, a travel aggregator service.

The Yandex app is called Sloy, the Russian word for layer, the company said in a statement.

The Company’s Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices.

Yandex N.V.

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The Company’s Yandex.Market gives retailers a platform to reach customers seeking specific retailer, product or price information. As of December 31, 2016, Yandex.Taxi was operating in 46 cities across Russia, Georgia, Armenia, Kazakhstan, Belarus and Ukraine.

Yandex NV Analysis

Yandex N.V. is an Internet and technology company, and operates Internet search engine. The Company’s segments include Search and Portal, E-commerce, Taxi, Classifieds and Experimental businesses. The Company’s Search and Portal segment offers a range of services in Russia, Ukraine, Belarus and Kazakhstan, among which http://isf-iapd.ir/ceo-ripple-kurs-xrp-podverzhen-manipuljacijam-ne/ are search, location-based, personalized and mobile services, that enable the Company’s users to find relevant and objective information to communicate and connect over the Internet, from both their desktops and mobile devices. The Company’s search engine offers access to a range of information available online.

Adding a further wrinkle to the story, MT is citing a local analyst who believes that Yandex’s Yandex.Money website may have suffered a data breach. Consumer protection laws being what they are in Russia, I doubt the potential for legal liability per se is sufficient to explain today’s sell-off. But I wouldn’t put it past the authorities to use such a scandal — be it true or otherwise — as a further justification for bringing Yandex under tighter government control. The Yandex app is called Sloy, the Russian word for layer, the company said in a statement.

Trading on margin increases the financial risks. Almaz Capital is an international venture fund that invests in software startups and SaaS.

Russian internet group Yandex raised its 2019 revenue forecast for a third time on Friday after strong third-quarter growth, but its shares fell after an earnings call provided little clarity on its response to a draft foreign ownership law. It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website. Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.

Yandex N.V. was incorporated in 2004 and is based in Schiphol, the Netherlands.